Former Borussia Dortmund manager Klopp has been leading the way in betting markets to replace Rodgers should Anfield bosses choose to make a change. Reports last month even suggested the German had told friends that he was interested in joining Liverpool.

"After seven intense and emotional years, I think it's a good idea to let the numerous memories settle in before I take on a new challenge with my coaching team, refreshed and fully motivated," he said in a statement.

"I'm going to take a break until further notice."

Jurgen Klopp

The announcement immediately saw the odds of Klopp becoming the next Liverpool manager drift whilst the same could have been expected on the odds of Rodgers being sacked.

However, a surge of bets on the current Liverpool manager being sacked earlier today saw his odds slashed from 11/8 to 5/6 to go by one bookmaker.

“At the start of this season, Rodgers was 100/1 to leave Liverpool but it’s gone from the unthinkable to the very likely as he is now odds-on at 5/6 to part ways with the club he came so close to winning the title with, this time last year,” a spokesperson from Betfair said.

Liverpool season player ratings

Liverpool season player ratings

1/24
GOALKEEPERS: Simon Mignolet

Was dropped after some really shaky form at the start of the season but recovered well to have a pretty solid campaign. But still not good enough to be Liverpool's No 1. 6.5/10

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2/24
Brad Jones

Produced one of the worst performances in recent memory in the defeat at Old Trafford. His injury on Boxing Day was a bit of a blessing in disguise. 2

3/24
DEFENDERS: Glen Johnson

Never nailed down a regular spot this season and will leave the club this summer having never really lived up to his £18m price-tag. 5

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4/24
Jose Enrique

Rodgers didn't fancy him last season and even less so this time round. Started just two Premier League matches. 2

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5/24
Alberto Moreno

A real mixed season for the youngster. A talented and dangerous attacker but makes too many fatal errors. Plenty of room to improve defensively, however. 5

6/24
Javier Manquillo

Didn't start a league game in 2015 and endured a miserable time on the rare occasions he did manage to play. Has a long way to go. 3

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7/24
Kolo Toure

Produced heroics in Madrid but also an error-strewn horror show in the Emirates. At 34 his future at the club is limited. 3

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8/24
Dejan Lovren

Where to start? Looks close to a £20,000 player than a £20m one after a horrible season. Never got to grips with the pressure that being a Liverpool player would bring. 2

9/24
Mamadou Sakho

Athletically gifted and capable of good performances, Sakho also looks like a Sunday League player at times. There always seems to be an error round the corner. 4

10/24
Martin Skrtel

Liverpool's most consistent defender this season, Skrtel is very capable and has rarely put a foot wrong this term. 7.5

11/24
Emre Can

Did a good job playing as a third centre-back but next season should be given a real run in his favoured midfield position. Showed great flashes of promise and easily Liverpool's best buy last summer. 7

12/24
MIDFIELDERS: Steven Gerrard

Amid the emotion of his farewell tour Gerrard has had a torrid season. Last year was one of the best of his career but without Suarez and Sturridge the captain was unable to provide match his performances. Rodgers dropped the 'quarterback' role in the autumn and the years finally seemed to catch up to Gerrard. 5.5

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13/24
Jordan Henderson

Stepped into his role as vice-captain and the man most likely to replace Gerrard. Offers a blend of graft, skill and drive that is hard to find. Liverpool's captain for the foreseeable future. 8

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14/24
Lucas Leiva

It's a shame that the holding midfielder got injured just at the time when the 3-4-3 started to come together. Needs to stear clear of injury but still an intelligent performer. 5

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15/24
Joe Allen

Allen is neat and tidy but doesn't offer much more. One goal all season, seems afraid to tackle and is weak when facing the best. His £15m fee is one of the worst pieces of business in Liverpool history. 5

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16/24
Philppe Coutinho

The brightest spot of miserable season, Coutinho has truly arrived as one of the Premier League's best. Offers drive and skill from his attacking midfield position as well as an eye for goal - Reds fans should expect more of the same next year. 8.5

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17/24
Adam Lallana

Has shown flashes but for £25m so much more was expected. Not quite a flop but the former Southampton man needs to do a lot more to justify his fee next season. 6.5

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18/24
Jordon Ibe

In just seven Premier League starts he gave Liverpool fans a lot to look forward to. The powerful teenager was about to make the wing-back position his own before injury and he should get a big role in the team next year. 6

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19/24
Lazar Markovic

Was bought as one for the future but a £20m winger who looks better when playing as a wing-back is quite worrying. At 21 time is on his side but he must start producing soon. 4

20/24
Raheem Sterling

Has unlimited potential but very rarely produced on the pitch this season - he only got seven goals in the Premier League. Doesn't seem like he'll be at the club next year and even if he is, will Liverpool fans forgive him? 6.5

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21/24
STRIKERS: Fabio Borini

Not good enough for Liverpool. At all. He cost £10.5m and has scored three league goals since 2012. 2

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22/24
Rickie Lambert

Was seen as a no-risk back-up option when he was the toast of England last season. That was before Sturridge got injured and Balotelli delivered nothing. 3

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23/24
Mario Balotelli

A £16m gamble that completely back-fired. One goal and numerous off-field antics later, Balotelli doesn't have a future at the club. 1

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24/24
Daniel Sturridge

Liverpool's season went down the pan with Sturridge's injury and got even worse with his numerous problems thereafter. Needs to bounce back next year. 3

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With Klopp seemingly out of the running, the favourites to replace Rodgers at Anfield are former Real Madrid and Chelsea manager Carlo Ancelotti and Ajax boss Frank de Boer.